Posted on 10/10/2008 12:38:19 PM PDT by Chet 99
(Excerpt) Read more at ichart.finance.yahoo.com ...
I wonder what happened?
Have we finally bottomed out?
There’s some Texas style money bein’ made today. Wow.
The final scene of the Dan Akroyd/Eddie Murphy movie “Trading Place” comes to mind
Hope this is the start of a recovery - but sadly, it is more likely shorts covering their position and taking their profits.
Please, Lord. Let the bottom be behind us (no pun intended).
George Soros is saddened
a couple mins ago was up 311 pts...??...is this a mistake...??...
Back in the red.
Minus 160 now
By the brokerage houses.
Sheesh, has to be some big time manipulation going on. Nothing else would account for the 300+ point swings in less than 5 minutes we have been seeing of late.
Dead cat bounce. There is still a long way to go before bottom. As of Monday there was still about $10 trillion of unwinding needed......we’re not there yet. Among other things, this is global investors FINALLY waking up to the fact that governments cannot and should not be supporting all kinds of social programs. And they want Obama for president???? Anyway - this is why it’s global. All the governments are way, way overburdened. It could go as low as 5000 before it’s done.
What on earth is going on?!
It shot straight up, positive for about 40 min, now it turned down again and can’t make up its mind to stay positive or drop a bit. But it is still a major recovery.
Maybe it is trying to make a bottom and rally time Monday, after the G7 meeting over the weekend.
Oops.
It just drifted back into negative territory.
This is idiocy. There is no reason for the extreme volatility.
The market is now realizing that as the truth is revealed about Obama/Ayers et.al., there’s is a linger of hope the Republic will be saved by him losing the election.
Obama is a direct product of affirmative action, as such, he isn’t the best qualified.
It’s back down again.
Who the hell knows what’s going on there.
PPT PING
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